COMMITMENTS AND CONTINGENT LIABILITIES (Tables)

12 Months Ended

Dec. 31, 2017

Commitments and Contingencies Disclosure [Abstract]

Activity of Funding Agreements with FHLBNY

The table below summarizes AXA Equitable's activity of funding agreements with the FHLBNY.

	Outstanding balance at end of year		Maturity of Outstanding balance	Issued during the Year		Repaid during the year
	(in millions)
December 31, 2017:
Short-term FHLBNY funding agreements	500		less than one month	6,000		6,000
Long-term FHLBNY funding agreements	1,244		less than 4 years	324
	377		Less than 5 years	303
	879		great than five years	135
Total long-term funding agreements	2,500			762		—
Total FHLBNY funding agreements at December 31, 2017(1)	3,000			6,762		6,000
December 31, 2016:
Short-term FHLBNY funding agreements	$	500	less than one month	$	6,000	$	6,000
Long-term FHLBNY funding agreements	$	58	less than 4 years	$	58	$	—
	$	862	Less than 5 years	$	862	$	—
	$	818	great than five years	$	818	$	—
Total long-term funding agreements	$	1,738		$	1,738	$	—
Total FHLBNY funding agreements at December 31, 2016	$	2,238		$	7,738	$	6,000

(1) The $14 million difference between the funding agreements carrying value shown in fair value table for 2017 reflects the remaining amortization of a hedge implemented and closed, which locked in the funding agreements borrowing rates.

Restructuring and Related Costs

The restructuring costs and liabilities associated with the Company’s initiatives were as follows:

	December 31,
	2017			2016
	(in millions)
Severance
Balance, beginning of year	$	22		$	11
Additions	17			20
Cash payments	(14		)	(9		)
Other reductions	(2		)	—
Balance, end of Year	$	23		$	22

	December 31,
	2017			2016
	(in millions)
Leases
Balance, beginning of year	$	170		$	190
Expense incurred	29			12
Deferred rent	10			5
Payments made	(48		)	(42		)
Interest accretion	4			5
Balance, end of year	$	165		$	170